Buying a new property can be an exciting and emotional experience. However, if you want to keep your beautiful new home for years to come, you need to have it properly insured. Neglecting to do so can result in the loss of your investment! If you’d like an idea of what types of insurance you should purchase for your home, continue reading the post below on 5 types of insurance you need for your home.
Homeowner’s Insurance
Homeowner’s insurance is so important that it is basically a requirement in some real estate transactions. Through it, you’ll be able to stay financially covered if the house’s structure gets damaged, a natural disaster occurs, a robber breaks in, and more (depending on your plan).
Title Insurance
As you may have noticed, the real estate business can be a tricky one to navigate. Purchasing title insurance in Atlanta will help you protect your investment in case there are any irregularities in the property’s deed that could jeopardize your claim on it.
Flood Insurance
As you may remember, some neighborhoods in Atlanta suffered from a great flood a few years back. This is why it’s a good idea to purchase flood insurance for your home. Doing so will give you the security that your home will be protected against an even of that sort.
Home Warranties
If your dream house is brand new and you decide to purchase it, it’s a good idea to acquire a home warranty with it. This way, you won’t lose your investment in case there are any mishaps or mistakes related to the house’s construction.
Emergency Fund
Lastly, you should also have an emergency fund. While this is not an insurance per se, saving up some money for your emergency fund will help you soften the financial blow in case you have to do some unforeseen repairs on your home that your insurance won’t cover.
Call (404) 965-2767 for Title Insurance in Atlanta
As mentioned above, you need title insurance to have a safe closing process. If you’re searching for a reliable company to provide it for you, trust in Wharton Law in Atlanta. Their expertise will help guide you through complex real estate transactions. Call the number above for more information.